Guess who’s a Nexen shareholder? CPP.

And guess who loses out if the takeover deal is rejected? (You.)


Some interesting facts about CNOOC’s bid to buy out Nexen:

  • As of March 31, 2012 (opens pdf), The Canadian Pension Plan Investment Board owned 3.4 million shares of Nexen.
  • As of December 31, 2011 (opens pdf), Quebec’s Caisse de dépôt et placement owned 1.8 million shares of Nexen.
  • Before CNOOC`s offer, Nexen shares were trading in the $17-18 range.
  • CNOOC is offering $27.50 a share of Nexen.

The CNOOC offer amounts to giving NEXEN shareholders a $10/share premium, or over $50 million for our publicly-run pension funds. If you participate in another pension fund that also has a stake in Nexen, you might want to take that into account as well.


Guess who’s a Nexen shareholder? CPP.

  1. Wow, talk about grasping at straws. Do tell there perfesser, how much does that work out to per person. You can round up to the nearest penny.

    • Dude, I was just about to post how that ship had sailed and the real future was in straws for writers of this bent to grasp at. GET OUT OF MY HEAD!!!

  2. When will you be posting a real estate listing here for your house?

  3. Ah, the old ‘we all own it’ bit.

  4. We are either open for business or we aren’t.

    • The world is either black and white or it isn’t.

      • Some things are nuanced, some things aren’t.

        Again you’re trying to make it all black and white

  5. From the front page subtitle:

    And guess who loses out if the takeover deal is rejected? (You)

    What a bunch of biased do-do.

  6. I think people should be wary of these free-market ideological purists. They believe that throwing all caution to the wind produces the best result. When it doesn’t — or creates a train wreck like the financial market meltdown — they claim their reforms failed because they didn’t go far enough. (Which is like saying a person who knocked himself out running headfirst into a brick wall failed because he didn’t run fast enough…)

    History proves it’s better to take a cautious, practical approach to the economy rather than going all-in on ideology, whether left-wing or right.

  7. It still seems like we are selling the golden goose for a pocket full of gold !

  8. i have something showing that CNOOC owns 35% of nexen in long lake….how is that possible?